Should You Buy Bike Insurance Online or Offline?
The online world has made everything possible digitally. Interestingly, there are many online services that people buy nowadays. One of these is buying bike insurance online. You must also consider buying bike insurance to safeguard against accidents and damages.
But you might face the dilemma of purchasing bike insurance online or offline. Here is a detailed guide on the benefits offered by these two options and which one you must choose to maximise your benefits.
What is Bike Insurance and Its Types?
Bike insurance is a plan or contract between the insurance company and the insured, under which the insured receives benefits for damages or accidents involving their bike or two-wheeler. In other words, the insured claims damages to their bike and the owner (depending on the plan).
Types of Bike Insurance
Refer to the most common types of bike insurance found in India hereunder:
- Third-party Bike Insurance: The government mandates this two-wheeler insurance plan. It provides coverage to third parties, including property and other relevant people, involved in accidents caused by your bike. It mainly focuses on the third party rather than your own bike.
- Comprehensive Bike Insurance: Comprehensive bike insurance can be termed a full-fledged insurance plan as it covers damages you and your bike suffer. It also involves third-party coverage and allows you to add various covers. Comparatively costlier, these plans protect your bike against accidents, thefts, calamities, etc.
It is crucial to note the benefits of these two modes of buying bike insurance when finding the best option.
Top Advantages of Buying Bike Insurance Online
The digital purchase of bike insurance has many merits, pushing people to shift to this mode. Some of the most attractive benefits of buying bike insurance online are listed hereunder:
- Cost-effective: Purchasing your bike insurance plan online can save you money in many ways. Insurance providers are unlikely to charge operational costs while providing the plan.
As a result, it will save you money through lower premiums. Additionally, you can enjoy benefits like the No Claim Bonus (NCB) through online insurance purchases.
- Convenience: It provides you with the convenience of purchasing your insurance plan after comparing different options. You can buy any plan anytime and anywhere. You need to visit the insurance company's website, and with a few clicks, you can complete your purchase.
- Hassle-free Process: Buying bike insurance online does not involve lengthy paperwork. You need to fill in all the relevant details and provide various documents digitally. Moreover, your details are stored digitally, which makes them easy to access and retrieve.
Apart from these benefits, this option is environment-friendly, customer-oriented, accessible, easy to use, and risk-free. Now, have a look at how you can buy two-wheeler insurance online.
How Can You Buy Bike Insurance Online?
Follow the steps below to buy bike insurance online:
- Visit the official website of the insurance provider/company.
- Enter your bike registration number and click on ‘ View prices’.
- A list of insurance plans will be displayed. Select the most appropriate one and click on the ‘Continue’ button.
- You can pick various add-ons to upgrade your plan.
- Provide necessary details and bike chassis number. Pay the insurance premium to complete the process.
Crucial Benefits of Buying Bike Insurance Offline
Have a look at the benefits you can get while buying bike insurance offline.
- Personal Touch: You can feel more confident while buying an insurance policy offline. You communicate one-on-one with the insurance agent, gaining more trustworthy information.
- Help with Document Submission: Insurance purchases are tedious as they require you to submit several documents. You need clarity about various document submissions, help identifying missing ones, etc.
When you purchase an insurance plan offline, the agents help you save time in document submission and complete the whole process quickly.
- Quick Query Redressal: Bike insurance has many technical terms and jargon. Insurance agents help you understand these and address all your queries quickly.
How Can You Buy Bike Insurance Offline?
The process of buying an insurance plan offline is simple. Follow the points below to purchase a bike insurance plan offline:
- You must visit the insurance company’s office, and an agent will be appointed to guide you through various products/plans.
- You need to specify your needs, preferences, bike type, budget, etc., and the agent will show you the plans accordingly.
- After selecting a suitable bike insurance plan, fill out the application form consisting of personal information.
- After filling out the form, you will receive your insurance documents detailing the premium amount, its frequency, etc.
Which One to Choose for Bike Insurance: Online or Offline?
Online and offline bike insurance plans have a fair share of their benefits. If you purchase an insurance plan for the first time, it is advisable to go offline due to insurance jargon, documentation issues, etc.
On the other hand, many people recommend using the online mode due to its excellent convenience, accessibility, security, lower premiums, etc. If you are renewing your plan or are habitual in using digital platforms, the best way to purchase an insurance plan is online mode.
Be it office work documents, booking their medical appointment, or ordering food online, it is the era of the digital world. Buying a bike insurance plan online has been the most convenient way today. However, consider your needs and preferences and select the ideal way to buy your two-wheeler insurance.
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